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Global poverty is decreasing, but billions of people still do not have the resources they need to survive and thrive. Economic growth can reduce poverty, but it can also drive inequality that generates social and economic problems. And efforts at domestic resource mobilization through taxation, though critical to funding the SDGs, can negatively impact the poor. In this work, CGD experts offer suggestions to improve how the world tracks and tackles poverty and the inequities the international global system creates.
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Mohamed Bouazizi is the man whose protest sparked the Arab Spring in December 2010. Bouazizi was a typical “struggler,” as in the title of my keynote speech at the Australasian Aid conference several weeks ago: “Strugglers: This Century’s New Development Challenge.” Below is a rough summary of my talk.
Moving beyond low income countries makes sense for an institution focused on ending extreme poverty. But does the IFC follow through by focusing on the countries that are home to the extreme poor? Not really.
The Center for Global Development and Oxfam are hosting a discussion on the Politics of Pro-Worker Reforms with author Alice Evans. Alice will present her paper on the drivers of pro-worker reforms in Vietnam, including how rich countries can use the tools of trade and aid to support workers’ rights, social activism, and decent pay. Specifically, she examines the relative roles of the Better Work program and US demands for labor reform during negotiation of the Trans-Pacific Partnership in encouraging Vietnamese labor market reforms. The paper can be found here, and a blog summary here.
Like the mythical Roman god Janus, there are two faces to most of the economies of the MENA region. We can call them the young and the old. And that the choice for MENA governments to make is not which face of Janus to support, but rather how to ensure that both can co-exist and prosper.
On Wednesday, Angus Deaton published an op-ed in the New York Times that paints a compelling picture of the depth of poverty in America, and the need for more money and more policy attention to fix it. It's a sobering read, and we strongly agree that America’s most destitute deserve far more support. But in comparing US poverty to poverty in developing countries, we think he’s got his numbers wrong.
Recently, the World Bank published its latest Global Economic Prospects report, which highlights a welcomed cyclical recovery for all major regions of the world following recent slow growth. I was pleased to participate in a panel discussion at CGD analyzing the report’s findings, and to share my perspectives both on its implications and on future global outlooks—especially for emerging market and developing economies.